On Saturday, Warner Music pulled all videos involving its music from YouTube after failing to reach a licensing deal with the Google-owned video site. (More accurately, it asked YouTube to pull them, and YouTube was forced by law to comply.)
Now, Silicon Alley Insider reports that Warner and the other three majors--Universal, Sony, and EMI--may be in talks to create their own YouTube competitor.
Before you scoff, recall the lesson of Hulu. First announced in late 2007 by NBC Universal and News Corp, Hulu was originally scorned as the "clown company"--everybody assumed that these old media dinosaurs … Read more